Fairshahek, Cryptocurrency-centric Super Political Action Committee, who played an important role in choosing Pro-Crypto candidates in the last United States election, has set more than $ 116 million separately for 2026 midttes.
After making a significant impact during the 2024 election, the Crypto-supported committee has postponed its sufficient war chest as it is ready for the next election cycle.
The 30 January reports indicate that Fairshahek has received $ 116 million to contribute to the players of the major cryptocurrency industry before the 2026 Midator Election.
Coinbase, Ripple and A16Z Pledge Millions
according to a Report By CNBC, Fareshek has received donations from US-based Crypto Exchange Coinbase, XRP Creator Ripple and Silicon Valley Venture Capital Giants Andresen Horovitz.
Each company has promised more than $ 20 million to the committee. Crypto-centered venture capital firm Jump Crypto has also given funds. Fairshek has planned to use these contributions to support Crypto-friendly candidates in the race of major Congress during midterms.
In the last election, Super-PAC raised over $ 200 million. A part of the donation went against the then Ohio Senator Sherod Brown towards supporting Crypto-Freedy Burney Moreno. The Moreno’s campaign received $ 12 million from Fairshahek, a contribution that helped mount a successful campaign against Democrats. Brown’s loss was one of the biggest win for Crypto.
In 2024, Coinbase contributed over $ 75 million to super PAC and allied committees. The reports stated that the exchange has committed $ 25 million for the midnight elections. Meanwhile, Ripple performed $ 50 million in 2024.
Ripple’s CEO Brad Garlinghouse stated in December that the negative attitude for the US Securities and Exchange Commission’s Crypto pushed the industry players to make a fareshek.
The A16Z, on its behalf, is planning to donate $ 23 million, adding more than $ 70 million donated to several election cycles.
The latest donation donation of Fareshek also includes the support of Uniswap Labs and Robert Lensor, the founder of the superstate.
